Looking for an accounting job in Mumbai? you have come to the right place. Rocket lists out all Accounting jobs available in India. You can easily find Accounting jobs in Mumbai using Rocket job portal.
Till business and financial transactions exist, accounting jobs never go out of the pool. There are public and private accounting jobs available in this domain and you may choose the one which is a match for you. Let's have a look at the various accountant job roles available in Mumbai.
Check this page for latest updates, notifications and other relevant information on latest released Accountant jobs in Mumbai.
Mumbai, the densely populated city on the west coast is the economic capital of India.
According to statistics released by the Employees Provident Fund Organisation (EPFO) on May 21, 2018, Maharashtra ranks the first in employment generation and created over eight lakh jobs in the organised sector in the past seven months. It is also leading in attracting foreign investment and ease of doing business which resulted in the high rate of employment generation in the state.
Rocket gives an updated list of employment opportunities in Accounting. We provide you with the most latest notifications, significant dates, and other relevant information at one place filtered according to jobs and made the application process is quite simple. Interested candidates can sign in for all the latest notifications and job alerts on accounting jobs.
Follow these steps to find Accounting jobs via Rocket.
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Accountants aid organizations to create viable financial plans. They keep meticulous records, assist in financial procedures, solve problems, give financial advice, and help companies maintain legal compliance and build harmony with clients. These professionals are typically detail-oriented, with a strong sense of ethics and an eye for financial structures. Some are passionate about entrepreneurship and business development. They help to balance human diplomacy with financial accuracy. An Accounting job needs a bachelor’s degree and advanced positions require a master’s degree. Professionals with CPA (certified professional accountant) or any similar certificates earn the highest salaries in this domain.
The basic eligibility or qualification for most of the accountant jobs are bachelors in commerce or equivalent. The requirements and qualifications might vary depending on job role and industry. Accounting certifications and additional degrees always give more value to the job role. Numerical skills, Analytical skills, Critical thinking, Time management, Punctuality, Industry knowledge, MS office knowledge, Adaptability, Ability to work under stress etc are some of the additional skill sets expected from accounting professionals.
When you are applying via Rocket, you’ll be able to find the job requirements, eligibility criteria and other requirements on the job link provided. Here are some of the certifications demanded from Accounting professionals.
Professional Certification and Licensure
Bookkeeping and general account maintenance with simple tax matters are commonly performed by non-licensed accountants. Certified professionals deal with complex accounting tasks. One can get the accounting credential by passing the relevant certificate course or exam along with the bachelors degree and a certain amount of experience in the field of accounting. Requirements vary by state/country most of which require professionals to complete continuing education requirements to maintain the certification.
One can get the Accounting certification by attending the common exam along with the bachelors degree and a certain amount of experience in the field of accounting. Requirements vary by country guidelines most of which require to complete continuing education requirements to maintain the certification. Here are some of the best Accounting courses in India.
Here are some of the mainstream study and career paths opted by Accounting professionals in India and abroad.
High School Courses of Study
Students seeking a career in accounting should take a commerce scheme (especially maths or computer ) or computer science scheme. College-level accounting can be obtained via coursework in business, statistics, economics, and computer coding. Volunteering with organizations that help individuals prepare tax returns, joining accounting, or business clubs provides a practical experience for job aspirants.
College Courses of Study
Bachelor's degree in accounting usually asks for commerce or humanities as HSC background. The candidates having +2 commerce qualification with computer science or mathematics can easily get admission to undergraduate commerce courses in India. The most opted commerce related courses are B.com, Bachelor of management, BBA etc. Although coding and commerce doesn't look aligned, some of the new-age accounting courses have basic coding and accounting software as part of the curriculum.
The course contexts the legal aspects of the business. Legal issues and regulations that apply the business and the impact on organizational decision making is given prior importance. Product liability, employment law, internet law, tort, and contracts are the topics included in the course. The ethical and legal responsibilities of companies that conduct international business are also considered.
Money and Banking
The course context includes regulations and internal operations of the banking industry. It also gives an overview of international banking and the role of industry in the national economy, the effects of monetary policy on employment, prices, and growth. It qualifies students for careers in banking and corporate finance.
Estate and Gift Taxation
Students get an idea about the federal taxation applied to gratuitous transfers made during a taxpayer’s lifetime. It also reviews property transfers following an individual’s death considering the regulations, case law, and relevant statutes. They acquire strategies to plan estates and gift exchanges.
Detection and Prevention of Fraudulent Financial Statements
The course includes forensic accounting and fraud examination. The impact of various types of fraud along with common scams and fraud scams is examined and helps in developing different techniques to detect, review, and investigate possible financial statement fraud.
The course context includes advanced auditing topics like ethical and behavioural concerns for auditors and what happens when audits go wrong. This also requires an undergraduate background in business and accounting.
Graduate Degrees in Accounting
A Graduate student can have a master's in accounting, an MBA with an emphasis in accounting, or a master's in accountancy each of which finally prepares the students to prepare for the financial job sector. With Masters in accounting you can be a chief financial officer, financial analyst, tax manager, Information and technology accountant, forensic accountant, auditor, financial controller, with an average salary of about ₹874,313 per year, according to Payscale.
Accounting is an indispensable factor of every business, irrespective of the size. A business whether large or small won't survive without the help of professional accountants. They play an essential role in auditing, tax preparation services, and consultancy. Here are some reasons why accountants are mandatory for all businesses.
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1) Which are the top industries hiring accounting professionals in Mumbai?
Education, Government, Healthcare, Hospitality, Retail, Textile, Automobiles, IT are some of the top industries that hire accounting professionals in Mumbai.
2) What is the average salary of an Accounting job in Mumbai?
According to Payscale, the average Accountant salary in Mumbai, Maharashtra comes around ₹253,858 per annum. The salary scale for certified accountants (CA, CPA etc) are much higher when compared to the general accountants. The average salary for certified accountants range from 7 lakh to 25 lakh per annum based on the experience and value of the certification.
3) What are the skills required for Accountant jobs in Mumbai?
Skills and qualifications for each accounting job vary according to the job profile and industry. The commonly demanded skills for accounting candidates in Mumbai according to Payscale are, general accounting, bookkeeping, Excel, financial accounting and reporting etc. Employers look out for soft skills like analytical skills, critical thinking, numerical reasoning etc in Accounting candidates.
4) What is accounting software?
Accounting software describes a type of application software or information system that files and processes accounting and related financial transactions within functional modules such as accounts payable, general ledger, payroll, accounts receivable, and trial balance. It is also known as an accounting information system. There are plenty of accounting software available in the industry. Knowledge in accounting software can be a win-win for employees. Such software eases the job hurdles and gives efficient results. Some of the most popular accounting software are: Tally, QuickBooks Accounting, Wave Accounting, Sage 50 Accounting, Xero Accounting, FreshBooks Cloud Accounting etc.
5) What are some of the best accounting courses to get top-notch Accounting jobs in Mumbai?
Certified Public Accountant (CPA, USA), ACCA, Certified Public Accountant (CPA, Australia), CA, CIMA, Institute of Chartered Accountants of India (ICAI, India), Certified Management Accountant (IMA, USA) etc are some of the best courses you can take if you're interested in having a top-notch accounting job rather than a usual one.
6) What is cloud accounting software?
Cloud computing accounting software is like traditional accounting software except for the fact that it is hosted on remote servers. It is one of the most demanded skills now so getting a certification in cloud accounting or related software can be an add on to an accounting professional resume. Fresh books, Zoho, Xero, Quickbooks, KashFlow, Kashoo, Sage business accounting etc are some of the popular accounting software used in the industry.
7) How to find entry-level accounting jobs in Mumbai?
You can easily find entry-level accounting jobs via Rocket. Follow these steps to find entry-level accounting jobs in Mumbai.
8) Can I progress as an accountant without proper certification?
Accounting career is limited to individuals having proper educational qualifications and certificates. Plenty of accountants work without a professional certificate. However, employers tend to prefer a certified accountant to a non-certified one. If you are focusing on career growth and development, getting a certification in the Accounting sector would do more good.
9) How can I make a mid-career switch to accounting?
Accounting is an excellent choice of career and offers never-ending lists of opportunities around the world. Switching to your current job to accounting can be difficult as most of the accountants come with a proper commerce/business management background. If you have a commerce undergraduate or postgraduate degree, the switching can be much hassle-free. Most of the employers look for experienced candidates for accounting operations. If you are a total fresher in this sector, you can apply for entry-level accounting jobs which require minimal or no experience at all. The pay scale for entry-level accounting jobs in Mumbai ranges from 15K to 30K based on skills and other qualifications.
10) What are the different types of Accounting?
The popular branches or types of accounting include: financial accounting, cost accounting, auditing, fiduciary, taxation, managerial accounting, AIS, and forensic accounting. More specialized branches in accounting may evolve because of the economic and technological advancements.
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